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Rhode Island Incentives and Workforce Development Guide

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The updated Rhode Island incentives guide is brought to you by Real Street Expo , a new event sponsored by Business Facilities and Today’s Facility Manager magazines. For a list of Rhode Island economic development agencies that can help with the site selection process, visit our Online Site Seekers’ Guide.

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Centers of Technology: The Future Is Now

Business Facilities

RHODE ISLAND THINKS BIG. Rhode Island has set its sights on becoming a top hub of innovation. Companies such as GE Digital, Finlays, Richard Branson’s Virgin Pulse and Johnson & Johnson already are establishing innovation labs and offices in Rhode Island, creating hundreds of new jobs.

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Governor’s Report: Sooner Is Better In Oklahoma

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Oklahoma has almost 56,000 square miles of shoreline along lakes, rivers and ponds (which hold enough water to fill an area larger than Rhode Island) and 167,000 miles of rivers and streams. Since Fallin took office at the beginning of 2011, Oklahoma has invested more than $3 billion to upgrade its highways and bridges.

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State by State Incentives Guide

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Businesses that request CAPCO investment funding must meet certain criteria and requirements set by the Alabama Development Office. Income Tax Capital Credit: The Income Tax Capital Credit has been available since 1995. The program is divided into two sections, Section 5 is a tax credit and Section 11 is an exemption.

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STATE INCENTIVES GUIDE

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INCOME TAX CAPITAL CREDIT: Currently codified as Article 7, Chapter 18, Title 40, Code of Alabama 1975. It is a credit of five percent of the capital costs of a qualifying project, to be applied to the Alabama income tax liability or financial institution excise tax generated by the project income, each year for 20 years.

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Feature Story: 2016 Economic Development Awards

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The Jarretts also said they were able to grow their team (and office space) in Lincoln a lot faster and with a lot less capital than it would have taken in Northern California. The income tax credit/credits issued under this program are equal to 33-1/3 percent of the amount invested by an investor in an eligible business.

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